remittances

Viet Nam ranks 5th in two US-related categories: the number of its young people studying there as of last June and the number of its citizens who emigrated there in Fiscal Year 2017, which ended on 30 September 2017. (Viet Nam is a "top ten" country in other categories, including EB-5 cases and US real … Continue reading Viet Nam Ranks 5th in Emigration to the United States

According to the World Bank, Viet Nam ranked a close 9th to Bangladesh in 2016 in total remittances with an infusion of $13.4 billion. With a 2016 GDP of $202.6 billion this means that 6.6% of Viet Nam's GDP was attributed to remittances. (See GDP definition below.) Where Does the Money Go? According to the … Continue reading Viet Nam: A Top 10 Recipient of Remittances

This is the mildly provocative title of a recent VNExpress International article about Vietnamese studying, working, and seeking permanent resident status overseas. While it may entice more netizens to read the article, the reality it attempts to describe is more multifaceted and complex than the black/white picture it paints. Yes, significant numbers of young Vietnamese … Continue reading Away from home: More Vietnamese leaving for richer countries

According to the World Bank (PDF), officially recorded remittances to developing countries were estimated at $401 billion in 2012, and remain a key resource flow far exceeding official development assistance as well as private debt and portfolio equity. Growth in remittances to developing countries decelerated to 5.3 percent in 2012, but is expected to accelerate to 8.8 percent … Continue reading Vietnam Ranks 9th in… Remittances

This is the third in a trilogy of posts on Vietnam’s ranking in different categories, including adjusted refusal rates for B (tourist/business) visas, Vietnam-US immigration trends and patterns and, last but not least, overseas remittances. Why overseas remittances? Because they relate (directly) to emigration and (indirectly) to education. An Overview According to an April 2012 World … Continue reading Third Time’s The Charm

According to a recent Associated Press article, Vietnam received a record $8 billion in remittances last year. One of the reasons for this is that many overseas Vietnamese sent their money to relatives in Vietnam to benefit from the higher interest rates offered by local banks. Another reason mentioned in an interview with economist Nguyen … Continue reading 2010 Foreign Remittances Set New Record